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$3,567 (target)

2913 Spring Lakes Xing, Opelika, AL 36801

3 beds • 3 baths • 2030 sqft

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This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $118k initial cash invested.

-8.49%

Cash On Cash

5.01%

Cap Rate

0.74

DSCR

$3,567

Rent

-$831

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,567 income − $4,398 expenses = $831 out of pocket

Income$3,567Out of Pocket$831Mortgage P&I$2,66575%Property Taxes$1705%Insurance$1755%HOA$1755%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,780

Closing costs

1%

$4,739

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,567

Total Expenses

$4,398

Mortgage P&I

75%

$2,665

Property Taxes

5%

$170

Home Insurance

5%

$175

HOA

5%

$175

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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